I'm expecting to see a short term downwards reaction on EU today.
Reasons:
- Test of 1h 200 EMA
- Retest of low created last Thursday
- Retest of psychological 1.07 level
- Expecting downwards move to retest 1W trendline
Trade set:
- Entry: 1.07
- Stop Loss: 1.071
- Take Profit: 1.066
- RR: 1:4
Will update specific entry, SL and TP as my order gets filled....
EU is reversing. Reasons:
- Triple bottom on 4h
- Above 30m 100 EMA
- Bullish tringle forming on 1m
- Expecting pullback from brutal selling
- EU data did not act as a catalyst for further selling
Entered position:
- Entry: 1.06376
- Stop: 1.06276
- TP: 1.06676
- RR: 1:3
